Applicant Tracking System Market to Grow at 8.3% Growth Rate to 2023

USA - English

• USA - English

PUNE, India, July 12, 2018 /PRNewswire/ --

ReportsnReports adds applicant tracking system market size is expected to grow from USD 1.21 billion in 2018 to USD 1.81 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. North America is expected to hold largest applicant tracking system market size during forecast period, as organizations are shifting toward new and upgraded technologies with increasing adoption of digital business strategies.

Browse 47 Market Data Tables and 37 Figures spread through 131 Pages and In-depth TOC on "Applicant Tracking System Market by Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size, Vertical (Retail and Consumer Goods, Government and Public Sector, and Manufacturing), and Region - Global Forecast to 2023" at http://www.reportsnreports.com/reports/1564546-applicant-tracking-system-market-by-component-software-and-services-deployment-on-premises-and-cloud-organization-size-vertical-retail-and-consumer-goods-government-and-public-sector-and-manufacturing-an-st-to-2023.html .

Applicant Tracking System Market ecosystem comprises service providers, such as Oracle (US), IBM (US), SAP (Germany), Cornerstone (US), ADP (US), iCIMS (US), Jobvite (US), PeopleFluent (US), SilkRoad Technology (US), Paycor (US), Greenhouse Software (US), Workday (US), Ultimate Software (US), JazzHR (US), ClearCompany (US), BambooHR (US), Racarie Software (US), Zoho (US), SmartRecruiters (US), Ascentis (US), Recruiterbox (US), Infor (US), ResumeWare (US), TribePad (UK), and ATS OnDemand (US).

An applicant tracking system (ATS) is a software application that enables the electronic handling of recruitment needs. A dedicated ATS is not uncommon for recruitment specific needs. On the enterprise level it may be offered as a module or functional addition to a human resources suite or Human Resource Information System (HRIS). ATS is expanding into small and medium enterprises through open source or software as a service offering (SaaS).

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Applicant Tracking System Market services assist and support organizations across industries in effectively dealing with candidate sourcing, resume tracking, and finally the on boarding of the selected candidates. The various significant benefits of ATS services include huge cost savings, trained resources, 24X7 customer service availability, and support for recruiters using the ATS software.

The cloud deployment of applicant tracking system software offers various benefits, such as enhanced security, improved scalability, better flexibility, & lower costs. Rise in data generation and use of advanced technologies such as IoT & analytics are leading to greater adoption of cloud deployment type, due to benefits of enhanced and organized storage, and ready availability of data when required.

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Focus on enhancing candidate experience and an emerging need for analytics is major growth factors for the market. However, lack of awareness about the benefits of ATS could affect the growth of the ATS market. Furthermore, organizations have invested in advanced technologies to gain a competitive advantage and improve business operations. APAC is expected to be the fastest-growing region in the global ATS market.

A detailed analysis of the key industry players has been done to provide key insights into their business overviews, services, key strategies, new service launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the ATS market. The ATS market has been segmented on the basis of component, deployment type, organization size, vertical, and region.

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Applicant Tracking System market has been segmented on the basis of component, deployment mode, organization size, vertical, and region. The service type is expected to grow at a higher CAGR during the forecast period, and the software type is estimated to hold a larger market size in the ATS market in 2018. The adoption of ATS software and services among enterprises has become a central part of the business process, due to the ease of use and the flexibility they offer, and is expected to grow in the coming years.

The break-up profiles of primary participants are given below:  

• By company: Tier 1 - 43%, Tier 2 - 35%, and Tier 3 - 22%
• By designation: C-level - 60%, Director level - 25%, and Others - 15%
• By region: North America - 44%, Europe - 25%, APAC - 21%, and RoW -10%

Another research titled GPS tracking device market is expected to grow at a CAGR of 12.91% between 2017 and 2023to reach USD 2.89 billion by 2023. The key driving factors for the growth of the GPS tracking device market include the increase in sales of commercial vehicles, smaller size, affordable price, and high ROI. The key players in the market include Calamp Corp. (US), Orbocomm Inc. (US), Sierra Wireless Inc. (Canada), Quelink Wireless Solution Co., Ltd. (China), Concox Wireless Solution Co., Ltd. (China), Ruptela UAB (Lithuania), Laird Plc (UK), Atrack Technology Inc. (Taiwan), Meitrack Group (China), Teltonika UAB (Lithuania), Trackimo LLC (US), and Geotab Inc. (Canada). now available with discount at http://www.reportsnreports.com/contacts/discount.aspx?name=1069212 .

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